Accelerated Course Options & Waivers
The finance curriculum at the Kellogg School is cumulative and begins with Finance I (FINC430) and Finance II (FINC441). Advanced courses build on concepts which students master in these courses. For students with the appropriate preparation and motivation, the finance department offers accelerated alternatives. This includes Accelerated Corporate Finance (Finance 1 and Finance 2 in one quarter), waiving Finance 1, and waiving Finance 2. These alternatives allow students to begin the advanced finance electives earlier.
Accelerated Corporate Finance Qualifying Exam: To be able to take Accelerated Corporate Finance (FINC440) or to take the Finance 1 (FINC430) waiver, you must first pass the Accelerated Corporate Finance qualifying exam. The exam tests your understanding of basic finance, statistics, and accounting knowledge (as they are needed for Finance). The exam will be administered on line. Further details can be found online.
Finance 1 Waiver: After passing the ACF qualifying exam, you may take the Finance 1 waiver exam. The Academic Advising department will distribute the schedule for the Finance 1 waiver exam for full time students. TMP students should contact the TMP office for scheduling details. This is a written exam that will be administered on campus. You may look at the Finance 1 syllabus on the web. Further details on the waiver exam can be found online.
Finance 2 Waiver: After passing the Finance 1 waiver exam, you may take the Finance 2 waiver exam. The Academic Advising department will distribute the schedule for the Finance 2 waiver exam for full time students. PTMBA students should contact the PTMBA office for scheduling details. This is a written exam that will be administered on campus. You may look at the Finance 2 syllabus on the web.
The enclosed flow chart may help you visualize the process.